Texas-Based Fossil Reports That Revenue Fell Short

RICHARDSON (November 6, 2012)--Watch and fashion accessories maker Fossil Inc. reported third-quarter revenue that fell short of Wall Street expectations, citing weakness in its European wholesale business.

For the quarter, the Richardson-based company’s net income rose 10 percent as it benefited from the acquisition of Skagen brand and the opening of more company-owned stores.

The company earned $76.8 million, or $1.26 per share, for the period ended Sept. 29, up from $69.6 million, or $1.09 per share, in same period a year ago.

Revenue rose 6 percent to $684.2 million.

Analysts expected earnings of $1.16 per share on revenue of $712.7 million


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